Rationality in Economics: Theory and Evidence

We examine the various senses in which economist use the term “rationality” and then outline some of the commonly drawn implications and auxiliary assumptions. Finally, we confront the implications with the empirical evidence, drawing on the insights from the exciting new field of behavioral economics.

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Year of publication:	2018
Authors:	Dhami, Sanjit ; al-Nowaihi, Ali
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	rationality \| self-regarding preferences \| efficient markets \| heuristics \| optimization

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Series:	CESifo Working Paper ; 6872
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1014485126 [GVK] hdl:10419/174995 [Handle] RePec:ces:ceswps:_6872 [RePEc]
Classification:	B40 - Economic Methodology. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10011794211